CT Legacy REIT Mezz Borrower definition

CT Legacy REIT Mezz Borrower means CT Legacy REIT Mezz Borrower, Inc.
CT Legacy REIT Mezz Borrower has the meaning set forth in the introductory paragraph hereof.

Examples of CT Legacy REIT Mezz Borrower in a sentence

  • To the extent permitted under the Mezzanine Loan Agreement and the agreements entered into in connection with the Repurchase Finance Assumption Transactions, CT Legacy REIT Mezz Borrower may finance or refinance Legacy Assets.

  • In exchange for the contribution of the Legacy Assets, CT Legacy REIT Mezz Borrower hereby agrees to pay $30,000,000.00 in cash and to issue to CT Legacy Holdings 4,393,750 shares of its Class A-1 Common Stock, 3,190,625 shares of its Class A-2 Common Stock and 1,464,582 shares of its Class B Common Stock, and to issue to CT 100 shares of its Class A Preferred Stock.

  • Xxxxxx Title: Chief Financial Officer CT Legacy REIT Mezz Borrower, Inc.

  • The parties hereby agree to elect to apply section 362(e)(2)(C) of the Internal Revenue Code of 1986, as amended, to reduce CT’s basis in the CT Legacy REIT Mezz Borrower stock instead of reducing CT Legacy REIT Mezz Borrower’s basis in the Legacy Assets.

  • The restructuring involved contributing substantially all of our legacy assets into a newly formed subsidiary, CT Legacy REIT Mezz Borrower, Inc., or CT Legacy REIT.

  • As soon as reasonably practicable after they have been made available to the Company, the Manager shall cause to be furnished to each Member the quarterly and annual financial statements of CT Legacy REIT Mezz Borrower.

  • The Company shall continue indefinitely until the earlier of: (a) the date upon which all of the outstanding Common Stock is disposed by the Company or is otherwise liquidated as a result of action taken by CT Legacy REIT Mezz Borrower; and (b) the date upon which shall occur any other circumstance that, by the Act or this Agreement, would require that the Company be dissolved.

  • In exchange for entering into the Mezzanine Loan Agreement, CT Legacy REIT Mezz Borrower hereby issues to Five Mile Lender the related mezzanine loan promissory note, dated as of the date hereof (the “Promissory Note”), and to Five Mile Shareholder 2,415,625 shares of its Class A-2 Common Stock.

  • Subject to Section 2, CT hereby contributes to CT Legacy REIT Mezz Borrower all right, title and interest in and to the Legacy Assets, and CT Legacy REIT Mezz Borrower accepts the contributed Legacy Assets.

  • Very truly yours, WESTLB AG, New York Branch, as Collateral Agent By: Name: Title: By: Name: Title: CT Legacy REIT Mezz Borrower, Inc.

Related to CT Legacy REIT Mezz Borrower

  • Original Borrower means, as the context requires, any of them;

  • Foreign Subsidiary Holding Company means any Subsidiary of the Company which is organized under the laws of the United States of America or any State thereof or the District of Columbia, substantially all of the assets of which consist of the Capital Stock or Indebtedness of one or more Foreign Subsidiaries (or Restricted Subsidiaries thereof) and other assets relating to an ownership interest in such Capital Stock or Indebtedness.

  • Initial Borrower has the meaning provided in the preamble hereof.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Qualified CFC Holding Company means a person (a) that is a Wholly Owned Subsidiary of a Domestic Loan Party and (b) who has no material assets other than Equity Interests in Foreign Subsidiaries that are CFCs or other Qualified CFC Holding Companies.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Successor in Interest of Borrower means any party that has taken title to the Property, whether or not that party has assumed Borrower’s obligations under the Note and/or this Security Instrument.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Ultimate Parent Entity means a Constituent Entity of an MNE Group that meets the following criteria:

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Bidding Company shall refer to such single company that has made a Response to RFP for the Project;

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • parent financial holding company in a Member State means a financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in the same Member State;

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Holdco has the meaning set forth in the Preamble.

  • Parent Credit Agreement means the Amended and Restated Credit Agreement, dated as of February 7, 2014, among Parent, the subsidiaries of Parent from time to time party thereto, Bank of America, N.A., as administrative agent, and the other financial institutions from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time.